with 14 years of residential investing behind me i thought id put some thoughts
on the internet for

the curios.

in short mostly no!!!!!

coming soon expert advise from us here

help on understanding the basics

RISMEDIA, Jan. 31 — (KRT) — If you're buying a single-family
home or condominium, plan to live in it long term because the days of
making fast cash in real estate are over, industry experts said.

"Everybody can't be Donald Trump," said Henry Fishkind, an
Orlando economist who spoke at an Urban Land Institute seminar at the
Seminole Hard Rock Hotel & Casino in Hollywood. "I'd be cautious
right now."

Fishkind and other analysts agree that the housing sector has peaked
and predicted problems for the condominium markets in West Palm Beach
and Miami, where thousands of units are expected in the next few years.

The condo market in Fort Lauderdale is in better shape, mostly because
of restrictions on supply imposed by the city, analysts said.

In Miami-Dade, more than 71,500 units are built or planned, Miami real
estate consultant Jack Winston said, adding that only 9,100 units were
completed countywide in the past 10 years. He did not release figures
for Broward or Palm Beach counties.

Some small banks will be in trouble because they've loaned money to condo
developers who won't follow through on building plans as the market softens,
analysts said Friday. They think falling land prices are inevitable during
the next year.

Likewise, real estate speculators will take hits if supply continues
to outpace demand, hurting their ability to resell or rent units. Already,
agents are reporting price reductions in some condo resales.

"Miami is ground zero for the housing bubble," Winston said.
"It's going to be severe in Miami, and it's going to be problematic
in West Palm. We've built too many units compared to the projections for
real users."

More than 6,000 units are coming to West Palm Beach, mostly in the downtown
corridor, officials have said. But unlike Miami, West Palm can't count
on a large contingent of international buyers to scoop up condos, Winston
said.

Developers point to the growing numbers of young professionals who want
to live in downtown condos, Winston said. "The problem is, while
they are an emerging market ... they can't afford the product," he
said.

Mortgage rates could climb above 7 percent this year -- which would be
enough to slow housing growth but not enough to cause markets to crash,
Fishkind said.

Converting apartments to condos was one of the industry's hottest trends
in 2005, but it will slow somewhat throughout South Florida this year,
Deerfield Beach consultant Jack McCabe said. As a result, condo converters
will head to other areas, such as Tampa, Orlando and Jacksonville.

The cost and scarcity of building supplies, particularly cement, will
continue to affect development for a third consecutive year in 2006, said
Ken Simonson, chief economist for the Associated General Contractors of
America.

Simonson is more optimistic about the national housing market than other
experts, saying he expects no more than a minor decline of 1 to 3 percent
in 2006.